🔸️ Bitcoin News

2022-12-09 11:57:12 ⁠Bitcoin price targets stretch to $19K as BTC jumps 4% from daily lows

Bitcoin retains $17,200 after an overnight squeeze takes BTC price action to within reach of one-month highs.

- Source
BitcoinAltcoinCryptoNews Open / Comment

2022-12-09 09:40:02 In November, Bitcoin recorded the largest outflows from exchanges in its history, with net outflows of 91,557 BTC.
Since FTX, centralised exchanges have witnessed a string of outflows as market participants look to safeguard their funds —

- CryptoCompare
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2022-12-09 04:01:25 Bitcoin Weekly Chart

We can see a green candle after two common doji candles on the BTC weekly chart indicating that there is less selling pressure

BULLISH RSI: We can also see a bullish RSI divergence on the weekly chart which indicate that BTC can bounce in the coming weeks. MACD is also showing the same that shorters are weakening

Support : Apart from $15,500, BTC has a 400-weekly support at $13,716 and $12,000 where smart money would likely enter the market.

Resistance: $17,200/$18,400/$21,000 is the resistance for BTC

TREND: Market is very much in the same range which we saw in 2018/19 when BTC broke $6000 and remained few months between $3200-$4500 and jump towards $14000 in June 2019

EVENTS:
Dec 13: US CPI data
Dec 14: FOMC meeting
BitcoinAltcoinCryptoNews Open / Comment

2022-12-09 03:00:14 BITCOIN Update: BTC price is still trading within a channel

Support: In the 4-hr timeframe, $16,650 serves as support in an upward channel. BTC should move inside this channel until the FOMC meeting.

Resistance: $18,400 is resistance for BTC. Any positive move in the US index can help move BTC towards $18k.

The FTX death spiral dropped BTC from $21000 to $15500, means breaking the 6-months support from May to Nov.

If BTC breaks recent low of $15,500 then we could reach the $13,400 to $14,000 levels

Targeting $28,000 to $38,000 by July 2023
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2022-12-08 18:25:30 $WAVES ALERT:

Waves price drop near 15% after Upbit’s announcement
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2022-12-08 12:05:24 Nigeria forces CBDCs by limiting cash withdrawals

Nigeria Limits over the counter cash withdrawals to $225 per week for individuals and $1,123 for businesses, and caps ATM withdrawals at $45 per day in bid to push its CBDC, the eNaira.

- Source
BitcoinAltcoinCryptoNews Open / Comment

2022-12-08 10:56:32 Over the last 365-days, a total of $213B in Realized Loss has been locked in by #Bitcoin investors.

This compares to yearly Profits of $455B realized in the 2020-21 bull.

This reflects a relative capital loss of ~47% of the bull market gains, similar in scale to the 2018 cycle.

- Glassnode
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2022-12-08 09:11:03 Buy when others are fearful.

Bitcoin realized profit/loss ratio 14-day moving average had reached historic capitulation levels.
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2022-12-08 08:10:11 ALGORAND Weekly Analysis:

Algo made a new low this week and broke out the Multi-year support of 0.22 (2020)

There’s still major support below these zones. However, currently, the oscillator is showing a potential bullish divergence in the weekly chart while having its ABC corrective phase

In fact, the price is already down -92%. The market takes time to recover and makes a final confirmation for reversal. But this is another opportunity to accumulate and do DCA.
BitcoinAltcoinCryptoNews Open / Comment

2022-12-08 07:29:20 Historical annual flows for crypto ETF/ETPs all over the world. Inflows during 2022 are $88m, down from $10b last year
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